EU diplomat says bloc won't punish Britain

The Korea Herald > Business > Economy

Korea on alert over currency swap deal with China

South Korea’s financial officials are worried that China will refuse to extend a bilateral currency swap deal set to expire in October, in yet another retaliatory move against Seoul’s hosting of a ...

Updated : 2017.03.13 16:42

Korea's finance minister to remain alert against possible risks

South Korea's top economic policymaker said Monday he will never let his guard down and take firm action against any possible changes in the real economy and the financial market in the aftermath of ...

Updated : 2017.03.13 15:06

Korea signs $13m deal with Ethiopia on customs clearance system

South Korea's customs agency said Monday that it has signed a $13 mln deal with Ethiopia to export an electronic customs clearance system to the African country. Under the deal, South Korea's electr...

Updated : 2017.03.13 13:43

Despite claims, US bigger winner in FTA with Korea

The United States has benefited even more than South Korea has from the countries' free trade agreement, experts here said Monday, noting a demand to renegotiate the terms of the bilateral pact by Wa...

Updated : 2017.03.13 13:36

Korea likely to recover $2b daily exports mark in March

South Korea's average daily exports will likely exceed $2 billion this month buttressed by growing shipments of semiconductors, petroleum and petrochemical products, government officials said Monday....

Updated : 2017.03.13 10:29

Korean economy at crossroads amid leadership vacuum

The ouster of former President Park Geun-hye has cleared political uncertainty in South Korea, but growing external risks might pose threats to the nation’s economy amid the two-month leadership vac...

Updated : 2017.03.12 20:27

Majority of Korean companies say THAAD row hurts business: survey

A majority of businesses in the content, tourism and retail sectors said they are suffering from the ongoing spat between South Korea and China over the deployment of a US missile defense system, a s...

Updated : 2017.03.12 13:10

Korea, 5 Central American nations initial FTA

South Korea and five Central American countries have initialed their free trade agreement, which is expected to pave wider ways for Asia's fourth-largest economy to tap deeply into the continent, the...

Updated : 2017.03.12 12:45

THAAD spat thwarts duty-frees' plans to expand

South Korean duty-free operators are holding back from expanding their businesses on grim prospects that the intensifying trade spat between South Korea and China over the US anti-missile system will...

Updated : 2017.03.12 09:47

Exports jump nearly 20% in early March on high oil prices

South Korea's exports jumped 19.3 percent on-year in the first 10 days of this month led by petrochemical goods, semiconductors and automobiles, government data showed Saturday. Overseas shipments f...

Updated : 2017.03.11 13:52

Korea's finance minister vows firm stance despite impeachment

South Korea's top economic policymaker said Friday that the government will remain steadfast in implementing economic policies and make full efforts to stabilize the economy in the aftermath of an un...

Updated : 2017.03.10 17:32

Park’s impeachment clears uncertainty, but external risks still haunt economy: experts

The Constitutional Court’s verdict to oust President Park Geun-hye cleared political uncertainty for the Korean economy, but external risks such as trade issues with the US still remain great challe...

Updated : 2017.03.10 16:37

Top regulator says no need for anxiety about financial market

South Korea's top financial regulator assured local and foreign investors on Friday that the unprecedented impeachment of the country's president won't deal a serious blow to the financial market. Y...

Updated : 2017.03.10 12:06

Korean economy needs concerted efforts to improve growth

Although the Constitutional Court's historical ruling lifted the thick uncertainties stemming from the impeachment of the incumbent president, it is time for the South Korean economy to focus more on...

Updated : 2017.03.10 12:02

Regulator urges 'emergency response' to household debt

South Korea's state financial watchdog on Friday announced a shift to an "emergency response mode" to the household debt problem dogging the key Asian economy. Outstanding household credit here jump...

Updated : 2017.03.10 10:02